Ikea To Open Store In Navi Mumbai

Swedish home furnishing major ‘Ikea’ has purchased its first land parcel in Mumbai Metropolitan region to build a 4,00,000 sq. ft. store. This will be Ikea’s second store in the country after Hyderabad. The 23-acre site is strategically located in Navi Mumbai on the Thane-Belapur Road, the company said in a statement. The Hyderabad store […]

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May 24, 2016
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Ikea’s First Indian Store To Open In Hyderabad

Swedish home furnishing major Ikea prepares to open its first store in India at Hyderabad next year. The company, which received government approval in 2013 for its Rs 10,500 crore proposal to open retail stores under 100 per cent FDI, is also looking for more sites in Delhi-NCR, Mumbai and Bengaluru as part of its […]

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March 8, 2016
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Global Brands To Benefit From Relaxation

The government’s decision to relax mandatory 30 per cent local sourcing norms has come as a shot in the arm for global brands in India, according to media reports. The decision earlier this month allows mass brands including Swedish home furnishing major Ikea to comply with such sourcing norms from the day their first store […]

appareltalk
December 7, 2015
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343 Views

Apparel and Textile News Trade Info News

Relaxation In Sourcing Norm Sought

Swedish home furnishings major IKEA which has committed for Rs 12,500 crore investment in India, has sought relaxation from the government for five years over mandatory 30 per cent local sourcing norms from opening of its first store in India, the company in a statement said. Ikea said it needs some time “to build a […]

appareladmin
November 6, 2015
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H&M To Launch Its First Store In India

H&M, the world’s No. 2 fashion retailer, which is famed for its Zara brand, is readying to open a 25,000 sq ft store in south Delhi’s Select Citywalk Mall on the Gandhi Jayanti day, October two to mark the birthday of Mahatma Gandhi. The company said in a statement that it plans to organise musical […]

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September 14, 2015
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IKEA To Set Up 2-3 Outlets In Maharashtra

IKEA India, the Indian subsidiary of Swedish furniture retailer IKEA AB plans to make investment of Rs. 600 crore for setting up 2-3 outlets in Maharashtra for which it has inked a pact with the government there. Chief Minister, Devendra Fadnavis told the legislature in a statement that the company will invest Rs. 600 crore […]

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March 14, 2015
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FY 14, A Good Year For IKEA

With textile making upto 70 per cent of the exported volume, the Sweden-based IKEA continued its support to cotton farmers in India through skill development, seeds selection, harvesting, water management, less use of chemicals and pesticides and marketing. Set up in 1943, the IKEA business idea supports the vision by offering a wide range of […]

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February 3, 2015
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Make More in India initiative by IKEA

IKEA, the global home furnishings leader, announced a new initiative – Make More in India which is aimed at potential suppliers and to expand IKEA’s supplier base as well as the categories of home furnishing products sourced in India. About the new initiative, Mr. Sandeep Sanan, head of sourcing, IKEA South Asia said, “We believe […]

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December 12, 2014
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Tag: Ikea

Ikea To Open Store In Navi Mumbai

Ikea’s First Indian Store To Open In Hyderabad

Global Brands To Benefit From Relaxation

Relaxation In Sourcing Norm Sought

H&M To Launch Its First Store In India

IKEA To Set Up 2-3 Outlets In Maharashtra

FY 14, A Good Year For IKEA

Make More in India initiative by IKEA